Kaoko Critical Minerals Project (CAZ 95%)The Kaoko Critical Minerals Project is located in northern Namibia, approximately 800km by road from the capital of Windhoek and approximately 750km from the port of Walvis Bay (Figure 7). There is excellent infrastructure in the region with the Project being only ~50 km from the regional capital of Opuwo, with an airport, good bitumen roads, and access to the 320 MW Ruacana hydroelectric power station. Transmission lines run through both the western and eastern parts of the Project.Cazaly’s recent data review highlighted the presence of a large lithium in soil anomaly in the north-eastern part of the project area stretching over 12km (Figure 10). The anomaly was defined with broad surface samples collected across a 1km grid. During the December ’22 quarter, infill sampling was completed across the most anomalous areas on a 200m x 50m grid spacing with a total of 287 soil samples collected and sent for multi-element analysis. The assay results are expected to be received in late January 2023. Refer to ASX Announcement dated 7 November 2022 for sampling techniques and reporting of results.
CAZ Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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